Affiliated Managers Group Inc. (NYSE:AMG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $133.15, but opened at $134.36. Affiliated Managers Group shares last traded at $137.96, with a volume of 470,066 shares.

AMG has been the subject of a number of recent research reports. Deutsche Bank AG increased their target price on shares of Affiliated Managers Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Saturday, March 12th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Monday, April 11th. Goldman Sachs Group Inc. upgraded shares of Affiliated Managers Group from a “buy” rating to a “conviction-buy” rating and increased their target price for the company from $175.00 to $190.00 in a research report on Monday, March 21st. Jefferies Group increased their target price on shares of Affiliated Managers Group to $197.00 in a research report on Tuesday, April 12th. Finally, TheStreet upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, April 8th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Affiliated Managers Group presently has an average rating of “Buy” and a consensus price target of $191.25.

The firm has a 50-day moving average of $156.13 and a 200 day moving average of $151.78. The company has a market capitalization of $7.47 billion and a P/E ratio of 15.55.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Tuesday, May 3rd. The company reported $2.94 EPS for the quarter, topping the consensus estimate of $2.92 by $0.02. The company had revenue of $635 million for the quarter, compared to analysts’ expectations of $583.37 million. During the same quarter in the previous year, the firm posted $2.91 earnings per share. Affiliated Managers Group’s revenue for the quarter was down 14.1% on a year-over-year basis. On average, equities research analysts forecast that Affiliated Managers Group Inc. will post $13.04 EPS for the current year.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. MUFG Americas increased its position in Affiliated Managers Group by 31.4% in the third quarter. MUFG Americas now owns 10,550 shares of the company’s stock valued at $1,804,000 after buying an additional 2,519 shares during the period. TD Asset Management Inc. increased its position in Affiliated Managers Group by 3.8% in the fourth quarter. TD Asset Management Inc. now owns 24,680 shares of the company’s stock valued at $3,943,000 after buying an additional 900 shares during the period. ProShare Advisors LLC increased its position in Affiliated Managers Group by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 23,492 shares of the company’s stock valued at $3,753,000 after buying an additional 641 shares during the period. Cornerstone Capital Management LLC increased its position in Affiliated Managers Group by 169.6% in the fourth quarter. Cornerstone Capital Management LLC now owns 378,181 shares of the company’s stock valued at $60,418,000 after buying an additional 237,910 shares during the period. Finally, Regal Investment Advisors LLC increased its position in Affiliated Managers Group by 9.1% in the fourth quarter. Regal Investment Advisors LLC now owns 18,805 shares of the company’s stock valued at $3,004,000 after buying an additional 1,575 shares during the period.

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.